Football finance expert forecasts Leeds United 'challenges' as billion-pound 'credit card' strategy revealed

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Football finance guru Kieran Maguire and author of bestselling book 'The Price of Football' forecasts challenges for Leeds United if the club are not promoted this season, but says there are no pressing Profitability and Sustainability concerns which may have led to points deductions akin to those accrued by Everton and Nottingham Forest.

The Whites released their 2022/23 financial accounts on Wednesday evening to much intrigue and scrutiny as the club reported a relatively modest £33.7 million loss for the year. Leeds are currently in the midst of the tightest promotion battle in recent Championship history, vying for supremacy against Ipswich Town and Leicester City for one of the two automatic promotion spots.

It was a case of using the club credit card. The numbers are shooting up across the Premier League - £1.8bn at end of 2022 to £2.6bn at end of 2023, before Chelsea have even released their accounts and I'm expecting ludicrous numbers. 'Clubs have identified this as a way of keeping managers and fans happy but not taking a big cash hit in the short term.

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